Showing posts with label foreclosures. Show all posts
Showing posts with label foreclosures. Show all posts
Saturday, August 07, 2010
Foreclosure Chart for Judge Kimbler's Courtroom
The chart below shows the number of foreclosure actions assigned to my docket for 2008, 2009, and the first six months of 2010. As you can see, during the first six months of 2010 there has been fewer foreclosures assigned to my docket than during 2009 with the exception of March. This decline could reflect a slowly improving economy, the success of the Federal government's program to have lenders rewrite mortgages, or some combination of the two. The chart was prepared by my Administrative Assistant Linda Gerberich. Click on the chart to get a bigger view.
Sunday, March 14, 2010
Ohio foreclosure filings set new record in 2009, top 89,000
Cuyahoga County Again Ranks First in Rate, Non-Urban Counties Lead in Growth Rates
Sixty-four of Ohio’s 88 counties saw an increase in foreclosure filings last year, and in 34 counties, filings grew by double-digit rates. While urban counties continue to lead the state in foreclosure filings, smaller and less urban counties are experiencing larger growth rates.
A new report released today by Policy Matters Ohio analyzes foreclosure filings and other housing trends in Ohio and its counties. Statewide, foreclosure filings continued to grow in 2009 with 89,053 new foreclosure filings, a 3.8 percent increase since 2008. Compared to ten years ago, when Ohio had 31,229 new foreclosures, this is a 185 percent increase. The latest numbers indicate that there was one foreclosure filing for every 56 housing units in the state last year.
The gain in filings is particularly crippling to the state, coming after years of increased filings and the broadest foreclosure prevention attempts to date, according to the study. Statewide, filings have more than quintupled since 1995.The study reviews federal efforts such as the HAMP program to curb foreclosures, finding dismal results. Nearly one-third of Ohio mortgage holders are “under water”, owing more than their houses are worth, and one in every six homeowners is either delinquent or in foreclosure.
“The number of foreclosures in the state remains at crisis levels and all signs point to more growth,” said David Rothstein, Policy Matters researcher and author of the report.
Cuyahoga County led the state once again in foreclosure filings per person, followed this year by Lucas, Clinton, and Highland counties. Morgan County led the state in foreclosure-filing growth between 2008 and 2009, with a 129 percent increase. Seven of the top ten counties in foreclosure-filing growth – each of which saw at least a 26 percent increase last year – were in the Northwest and Appalachian regions of the state.
Foreclosure filings continue to be most heavily concentrated in the state’s urban counties, accounting for 61 percent of filings. However, non-urban counties continue to experience large foreclosure growth
rates. The report chronicles that counties with populations less than 200,000 had higher foreclosure growth rates than the state average. For instance, the 60 counties with a population of below 100,000 saw overall foreclosure filing growth rate of 8.78 percent, up from 3.3 percent the previous year.
"It is up to Ohio," said Rothstein. “Federal efforts are falling short and the state has the ability to help homeowners and stabilize communities.”
The report recommends that the Ohio legislature pass reasonable reforms to encourage real loan modifications and reduce the foreclosure filing rate. These include regulating loan servicers, funding housing counselors, increasing tenant notifications and protections during foreclosure, and preventing foreclosure rescue scams.
Sixty-four of Ohio’s 88 counties saw an increase in foreclosure filings last year, and in 34 counties, filings grew by double-digit rates. While urban counties continue to lead the state in foreclosure filings, smaller and less urban counties are experiencing larger growth rates.
A new report released today by Policy Matters Ohio analyzes foreclosure filings and other housing trends in Ohio and its counties. Statewide, foreclosure filings continued to grow in 2009 with 89,053 new foreclosure filings, a 3.8 percent increase since 2008. Compared to ten years ago, when Ohio had 31,229 new foreclosures, this is a 185 percent increase. The latest numbers indicate that there was one foreclosure filing for every 56 housing units in the state last year.
The gain in filings is particularly crippling to the state, coming after years of increased filings and the broadest foreclosure prevention attempts to date, according to the study. Statewide, filings have more than quintupled since 1995.The study reviews federal efforts such as the HAMP program to curb foreclosures, finding dismal results. Nearly one-third of Ohio mortgage holders are “under water”, owing more than their houses are worth, and one in every six homeowners is either delinquent or in foreclosure.
“The number of foreclosures in the state remains at crisis levels and all signs point to more growth,” said David Rothstein, Policy Matters researcher and author of the report.
Cuyahoga County led the state once again in foreclosure filings per person, followed this year by Lucas, Clinton, and Highland counties. Morgan County led the state in foreclosure-filing growth between 2008 and 2009, with a 129 percent increase. Seven of the top ten counties in foreclosure-filing growth – each of which saw at least a 26 percent increase last year – were in the Northwest and Appalachian regions of the state.
Foreclosure filings continue to be most heavily concentrated in the state’s urban counties, accounting for 61 percent of filings. However, non-urban counties continue to experience large foreclosure growth
rates. The report chronicles that counties with populations less than 200,000 had higher foreclosure growth rates than the state average. For instance, the 60 counties with a population of below 100,000 saw overall foreclosure filing growth rate of 8.78 percent, up from 3.3 percent the previous year.
"It is up to Ohio," said Rothstein. “Federal efforts are falling short and the state has the ability to help homeowners and stabilize communities.”
The report recommends that the Ohio legislature pass reasonable reforms to encourage real loan modifications and reduce the foreclosure filing rate. These include regulating loan servicers, funding housing counselors, increasing tenant notifications and protections during foreclosure, and preventing foreclosure rescue scams.
Friday, February 19, 2010
Ohio Supreme Court Report Shows that Ohio Foreclosures Increased in 2009
Supreme Court Numbers Show Total of 89,053 During Year
Ohio foreclosure case filings in 2009 again set a record, according to data released on February 17, 2010 by the Supreme Court of Ohio.
Common pleas courts across Ohio last year reported 89,053 new residential and commercial foreclosure case filings, marking the 14th consecutive annual increase. However, the increase in 2009 (3.8 percent) reflects the relatively steady, yet modest, increases of the past few years (5 percent in 2007 and 3 percent in 2008), which is notably slower growth than was seen in 2005 and 2006.
A quarter of Ohio’s 88 counties experienced a decline in foreclosure case filings in 2009 compared to 2008 with the remaining counties showing an increase in year-over-year foreclosures case filings except for Lawrence County, which held steady.
Morgan County showed the highest percentage increase (129.7 percent) in 2009 while Allen County showed the highest percentage decrease (30.7 percent). As for raw numbers, Cuyahoga County experienced the most new foreclosure case filings in 2009 with 14,171, although this total is less than the foreclosure case filings recorded in 2007. Noble County reported the fewest foreclosures case filings in 2009 with 32.
Ohio foreclosure case filings in 2009 again set a record, according to data released on February 17, 2010 by the Supreme Court of Ohio.
Common pleas courts across Ohio last year reported 89,053 new residential and commercial foreclosure case filings, marking the 14th consecutive annual increase. However, the increase in 2009 (3.8 percent) reflects the relatively steady, yet modest, increases of the past few years (5 percent in 2007 and 3 percent in 2008), which is notably slower growth than was seen in 2005 and 2006.
A quarter of Ohio’s 88 counties experienced a decline in foreclosure case filings in 2009 compared to 2008 with the remaining counties showing an increase in year-over-year foreclosures case filings except for Lawrence County, which held steady.
Morgan County showed the highest percentage increase (129.7 percent) in 2009 while Allen County showed the highest percentage decrease (30.7 percent). As for raw numbers, Cuyahoga County experienced the most new foreclosure case filings in 2009 with 14,171, although this total is less than the foreclosure case filings recorded in 2007. Noble County reported the fewest foreclosures case filings in 2009 with 32.
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